Dear Experts,

One of my client; a partnership firm, Say Firm A, of a husband and wife; had constructed a hotel building. Now another hotel group (a Company Say B Ltd) came with a proposal to run the business in a partnership Say Firm C. Since the partnership cannot enter into another partnership, the partners (Firm A) in their individual capacity had joined in a partnership with B Ltd. B ltd's Proposal is to take the Hotel on Lease by Firm C and pay Lease Rent @2 Lakhs per month to Firm A and equal sharing of profit from Firm C to the partners of Firm A. But B Ltd also proposed the Hotel should be fully furnished. And they want Firm A to take registration under GST now; So that Firm A can take Input Tax Credit of further purchases like Air Conditioners, Beds, Cots, Electrical Equipment and Lights, Generator and other such Plant and Machinery. And Firm A had got themselves registered under GST. And bills were issued for further purchases, but Lease Rent had not started. My doubt is on how to take IPT? Since the goods will form part of Fixed Assets of Firm A, whether IPT can be claimed as IPT on Capital Goods? But B Ltd is of the opinion that IPT can be claimed at a stretch, i.e monthly basis as a whole. I think it can be taken as 60 Months IPT (12*5 Years). Please help me to sort this out

Two Business are running with Same PAN No. One is Registered in GST with its Trade name , but other is not registered in GST, due to engaged in Fully Exempt and Non GST Supply. MY query is That For the purpose of GST Audit , Is aggregate turnover includes the turnover of business not registered under GST.

Dear Experts,
Please guide me on the following points for GST.
One of our company had constructed bungalow on lease property. The lease is for the period of 999 yrs. Construction is near to complete but OC is not received from Municipal corporation. Now company want to transfer the lease property to its Director along with bungalow constructed on the lease property. Company want to make two agreement one for transfer of lease property and second is for sale of bungalow. Company had not take any credit for materiel used for construction of bungalow till date.
Please guide us who the GST will be calculated.
1) Will GST applicable to lease property also.
2) What will be rate of GST on transfer of bungalow on the said lease property.

Company say GST should be applicable only on construction cost and should not be applicable to lease transfer.
Please guide me on the subject.
Thanking you,
With regards

Dear experts,

My Factory and Godown situated in same place and distance is 2 Km . We transfer the goods from factory to godown and godown to factory. Amount of challans are more than 50000/- . Can we generate E-way bill or not please suggest.

Sir,

We have got services from transporter Paid fright as per bill amount. so can we need to pay RCM.

We have paid to three Transporter.

First Rs.24000/- Portal Shows IGST Rs.1200/- ( IN A GSTR-2A)
2nd RS.20000/- Portal Shows IGST RS.1000/-
3rd Rs.25000/- Portal shows IGST RS. 0

Please answer

Suppose a person is providing 1. GTA services to a registered factory and the factory is paying GST at 12% under RCM
2. and also providing other commission services in which he collects and deposits GST to govt.

Now can the GTA take input tax credit on tyre, spare, new truck purchase etc?

Respected experts,

Please tell us in what is the group of Electronic cash ledger
Under Duties & Taxes
or Current Assets

Hello Sir,
My client is Transporter and fall under RCM , So i file GSTR 1 and also Tick Mark RCM Applicable, @ 5%
My Question is in HSN Summery Field How can i Show My Tax Liability 5% as per Show abow in B2B RCM applicabe, ????
OR How I So In Invoice Value , Taxable Value , IGST, CGST,
FOR Example : 100 rs taxable value
2.5 cgst
2.5 sgst

Sir,

One of my friend is running advertising agency, which is purely service oriented. He gets ITC on buying
advertisement space from the media for his clients, which again is service oriented. Now, the doubt is,
whether the ITC should be shown under the head " Inputs " or "Input Services " in table 6 B of GSTR 9,
as he has no trading activities.

Pls. advice.

Respected Experts

One of our income tax client registered under GST (supply of earth movers spare parts). He also owns two Earth movers (JCB) and also working as an workshop man (repairing of earth movers). whether he required to pay tax for earth moving services also for the workshop services

Kindly reply me
Thank you